AT&T Inc. (NYSE:T) Stake Lessened by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC trimmed its stake in shares of AT&T Inc. (NYSE:T) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 216,050 shares of the technology company’s stock after selling 619 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in AT&T were worth $3,774,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in T. BlackRock Inc. lifted its position in shares of AT&T by 2.2% in the 2nd quarter. BlackRock Inc. now owns 534,767,576 shares of the technology company’s stock worth $8,529,543,000 after buying an additional 11,639,588 shares during the last quarter. State Street Corp raised its stake in AT&T by 3.4% during the second quarter. State Street Corp now owns 297,085,864 shares of the technology company’s stock worth $4,738,520,000 after acquiring an additional 9,781,352 shares during the period. Newport Trust Company LLC lifted its holdings in AT&T by 0.3% in the third quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock worth $3,003,971,000 after acquiring an additional 673,043 shares during the last quarter. Morgan Stanley boosted its stake in AT&T by 37.3% in the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock valued at $2,018,462,000 after acquiring an additional 29,769,976 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its position in shares of AT&T by 85,003.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock worth $1,414,568,000 after purchasing an additional 76,746,649 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

T has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research report on Wednesday. Tigress Financial upped their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Finally, Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Friday, January 19th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.61.

AT&T Trading Up 0.3 %

Shares of T traded up $0.05 during midday trading on Friday, hitting $17.60. The stock had a trading volume of 33,461,501 shares, compared to its average volume of 36,326,844. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.99. The business has a 50-day simple moving average of $17.11 and a two-hundred day simple moving average of $16.27. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The firm has a market cap of $125.89 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 2.65 and a beta of 0.57.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. During the same period in the prior year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.